AJB EMV Articles January 2016

AJB EMV Articles January 2016

Consider This If You Haven’t Upgraded to EMV  | By: Convenience Store News
Conexxus is a member-driven technology organization, which advocates for the convenience store and petroleum market. In a recent webinar hosted by the governing body, they discussed four-steps each fuel retailer should consider if they have not yet decided to switch over to EMV. Fuel marketers are faced with the October 2017 liability shift for their AFDs, have you commenced your EMV plan?

Want to know more about Conexxus? See their website.

EMV Update: The Rise of Mobile Payments | By: Tracy Kitten from BackInfoSecuirty
Randy Vanderhood, Executive Director of the EMV Migration Forum and Smart Card Alliance, believes 2016 will be the turning point for mobile payments. Migrating to EMV has established the required infrastructure to support contactless payment; combined with tokenization and encryption  for added layer of security.

CBS had a segment over the weekend vocalizing the mobile payment revolution. They predict mobile sales to increase from $12.8B in 2012 to $90B in 2017. Watch the video now.

Verifone to Deliver End-to-End, EMV-Ready Payment Solution to Microsoft Dynamics Customers | By: Hospitality Technology
One of the major announcements Verifone made during #NRF16 was its formed partnership with Microsoft, bundling payment hardware, software and support services into a single integrated solution. This new solution enables merchants to update their devices to support PCI changes and card brand-specific EMV requirements. 

Mobile-Payment Services Draw More Shoppers and MerchantsBy: LA Times
Acceptance of mobile payments continue to dominate discussions in the payment industry. EMarketer Inc., a research firm has estimated 9.6% of all U.S. mobile-phone users – roughly 23.2 million consumers – made mobile-payments transactions last year. This number is expected to rise this year to 15.3% of mobile-phone users, roughly 37.5 million consumers.

Verifone Expands Services Offering For Large Retailers in the U.S. and Canada with Agreement to Acquire AJB Software | By: Verifone
Verifone made the announcement last Friday January 15, 2016 it had signed an agreement to acquire AJB Software Design Inc. We are thrilled to become a  part of the Verifone family.

AJB Announces New U.S. EMV Host Certifications with First Data and ElavonBy: AJB Software
AJB has completed an addition of two U.S. EMV Class B Host Certifications to the seven completed in 2015. For a complete list of certification status along with the extensive list of AJB’s completed U.S. EMV Terminal Certifications, please see our website.

Stopping $6.4 Billion Worth of Post-EMV Fraud | By: PYMNTS
Any expert can vouch that the implementation of EMV will significantly reduce card-present fraud, but how can retailers mitigate card-not-present (CNP) fraud? The staggering numbers represented in the graphs are astounding, find out how you can better protect your business.

Zap Cybersecurity Threats for a Safer Customer Experience | By: Newsfactor Business Report
More and more consumers are relying on ecommerce to complete their shopping, mainly due to convenience. About half of the transactions conducted on Black Friday were completed on mobile devices. EMV has been known to mitigate card-present fraudulent transactions but what actions can retailers take to prevent card-not-present fraud.

What Are The Top Payments Trends For 2016? | By: TechWeek Europe
The payments space continues to evolve and experts speculate these trends to dominate the payments space in 2016:

  • Continued growth and acceptance of the “Pays” – mobile wallets
  • Emergence of new payment wearables
  • Biometric security solutions.

A Happy Holiday Season for U.S. Retail Sales Rose 7.9% This Year | By: MasterCard
The consumption numbers have been released as the 2015 holiday wraps up. This season, the U.S. witnessed a 20% spike in eCommerce expenditure from the 2014 holiday season. Another interesting trend noted in the article is the increase of furniture sales. Keep reading the article to find out which product categories experienced a decline.